FUNDING | Pixr8 News

24May By NitishNo Comments

FUNDING

Fxkart.com Looks To Raise USD 5 mn Series A Funding

Fxkart.com, an online aggregator of authorised foreign exchange dealers, is looking to raise USD 5 million in Series A funding by the end of this quarter. "We are in advanced stage of negotiations and by end of this (June) quarter, we hope to raise USD 5 million," Fxkart Business Development Head (East and North) Dhruba Khatua said. The fund will help Fxkart.com in marketing, technology and increased dealer participation. Fxkart.com FZ LLC is a UAE-based Free Zone Company, having its research and technical base at Bengaluru and had received a seed funding of USD 2 million in March 2015. The start-up, claimed to be Indias first forex aggregator, operates through over 200 money changers catering to over 1,000 locations in the country. Khatua said they get a commission from the dea...

Anand Mahindra Invested in SheThePeople.TV

23May By NitishNo Comments

FUNDING

Anand Mahindra Invested in SheThePeople.TV

Anand Mahindra, Chairman of Mahindra Group has invested into India’s largest digital storytelling platform for women SheThePeople.TV, founded by award winning journalist Shaili Chopra. Mr Mahindra has invested in his private capacity in the video platform, which is building a much-needed digital media space and ecosystem for women achievers and is dedicated to championing and promoting their success stories. Regarding his decision to support the platform, Mr Mahindra said ‘Women need a space that quenches their intellectual hunger, engages, and empowers them with relatable content. With Shaili as founder possessing a solid understanding of both conventional and digital media over 15 years, I have great confidence that SheThePeople.TV will become a focal point of inspiration for tomor...

20May By AnkitaNo Comments

FUNDING

i2ifunding, Leading Peer-to-Peer Lending Platform Raises Angel Funding

i2ifunding , one of the leading peer to peer lending platforms in India, today announced that the company has secured Angel funding from a group of industry veterans. Company plans to utilize the fund towards technology expansion and also towards increasing its presence geographically. "We are delighted that this distinguished group of investors has chosen to support i2ifunding in our mission to increase financial inclusion in India by helping the borrowers access loans for various needs at lower than market rates and at the same time provide an alternative high return investment option to retail investors," said Vaibhav Pandey, the CEO of the company. "This investment could not have come at a better time as RBI has talked about 2 Cr capital requirement for P2P players in the concept pa...

20May By AnkitaNo Comments

FUNDING

O2O Retail Discovery Platform Appie Raises $1million Funding

Appie Mobiquity Pvt. Ltd, a Mumbai-based offline retail discovery platform raised $1 million funding (around Rs 6.7 crore) from a Mumbai-based angel investor and two European investors. “We plan to add 10,000 retailers across three cities and expand user base to half a million in the first year,” Kartik Sanghavi, founder of Appie said. As an O2O platform, we tied up with 1,200 retailers in Mumbai. The app is currently in beta mode and a formal launch is scheduled in June. The firm charges a commission of 0.2-0.9% per transaction from the retailers. In the online-to-offline (O2O) market, Appie’s competitors include Fashalot (raises fund fom yournest), Zakoopi and Ratale, Paytm (acquire Near.in). The O2O theory works on when users express an intent for buying a product, the retaile...

Ratan Tata Invest in An Artificial Intelligence Based Chatbot Niki.ai

19May By PriyankaNo Comments

FUNDING

Ratan Tata Invest in An Artificial Intelligence Based Chatbot Niki.ai

Leading industrialist Ratan Tata has invested in niki.ai , an artificial intelligence (AI) based chatbot . The company has also received funding from existing investor Ronnie Screwvala-led Unilazer, it said in a statement. It, however, did not disclose the details of the funding or the total amount it has raised till date. The Tata Sons Chairman Emeritus has made more than 25 investments in startups in the last two years, including online marketplace Snapdeal , digital wallet provider Paytm , cab hailing service Ola, data analytics company Tracxn Technologies, online pet supplies store Dogspot.in and online lingerie store Zivame. Last year, Tata had invested in Infinite Analytics, an artificial intelligence-based predictive analytics startup. Founded in April 2015 by IIT Kha...

18May By PriyankaNo Comments

FUNDING

Bengaluru Based Bhive Co-working Space Raises $1million Funding

BHIVE Workspace, one of the well known brands in Bangalore’s startup ecosystem, has raised about $1 million in funding led by Blume Ventures. BHIVE Workspace is the largest co-working space in Bangalore catering to over 150+ ventures. With this $1 million funding, BHIVE plans to expand strongly in Bangalore while also establishing a presence in the top 6 cities of India. The funds will also be used to attract top talent, build technology that will further enhance customer experience and in turn position BHIVE as an undoubted leader in the office space market. Prior to this, BHIVE had attracted investments, from the likes of Raghunandan G (Founder, TaxiForSure), Rajesh Rai (Venture Capitalist and co-Founder, Venturesity), Arihant Patni (Managing Director, Hive Technologies), Sanjay M...

Ratan Tata Invested in Medical Startup MUrgency Inc

17May By NitishNo Comments

FUNDING

Ratan Tata Invested in Medical Startup MUrgency Inc

Tata Sons Chairman Emeritus has invested in San Francisco-based medical emergency response MUrgency Inc. Financial details of the deal were not disclosed. "He (Tata) clearly wanted us to launch and grow the network in India first before taking it overseas. Mr Tata's investment in MUrgency will help attract leading talent to the company and major partnerships beyond India," MUrgency Inc Fonder Shaffi Mather said in a statement. Founded in 2014 in Silicon Valley and incubated out of Stanford ChangeLabs, MUrgency recently received investments from Kris Gopalakrishnan and S D Shibulal led Axilor Ventures. The company launched its service in Tricity area in Punjab on February 16, with a responder network of 36 hospital emergency rooms, over 40 ambulances and more than 350 me...

16May By PriyankaNo Comments

FUNDING

Apple Raises One Billion Funding From Warren Buffett Led Company Berkshire Hathaway

Warren Buffett's Berkshire Hathaway Inc revealed a more than $1 billion stake in Apple Inc, a rare foray into the technology sector that the billionaire has largely shunned, apart from a poorly performing investment in IBM. Shares of Apple got a boost from the Berkshire imprimatur, rising more than 3 percent on Monday. Berkshire made its investment in the first quarter, before the iPhone maker in April reported its first quarterly revenue decline in 13 years. In a regulatory filing detailing most of its stock holdings, Berkshire said it held 9.81 million Apple shares worth $1.07 billion as of March 31. The value has since fallen into the low $900 million range. Berkshire's largest technology bet has been Buffett's $12 billion stake in International Business Machines Corp. Apple...

16May By PriyankaNo Comments

FUNDING

Smartivity, an Augmented Reality Based Education Technology Startup Has Raised Rs 6.6 crore Funding

An augmented reality-based education technology startup Smartivity, has raised about Rs 6.6 crore in a pre-Series-A round of funding led by publishing firm S Chand and early-stage investment firm AdvantEdge Partners. The round also saw participation from Singapore-based fund CFG Offshore Holdings, Silicon Valley-based fund Tandem Capital and a clutch of angel investors. The company said the funds will also be used to expand its reach and aim for the global market. “With this round of funding, we want to expand our current portfolio in STEM and augmented reality products to provide interactive learning to kids and also develop IoT (internet of things)-enabled toys and robot-led learning for kids,” said Ashwini Kumar, cofounder of Smartivity. “Smartivity has shown tremendous gro...

16May By AdityaNo Comments

FUNDING

Alibaba’s Online Ticketing Platform Raises $260 million Funding

The listed movies unit of Alibaba Group Holding Ltd, China's biggest e-commerce company, has raised the valuation of its O2O distribution and promotions subsidiary which operates an online ticketing platform after a new round of fundraising, it said in a Hong Kong stock exchange filing released on Sunday. Alibaba Pictures Group Ltd said that its O2O platform was now worth 13.7 billion yuan ($2.1 billion) based on the new financing raised from a group of investors led by CDH Investments, Ant Financial Services Group and Sina.com. The statement said the O2O platform raised 1.7 billion yuan ($260 million) from the investors, who will hold approximately 12.4 percent of its equity. Alibaba Pictures was formed through the acquisition of ChinaVision Media Group in 2014. The online ticket...

14May By PriyankaNo Comments

FUNDING

Saas Startup Zarget Raised $1.5 million Seed Funding

Founded in 2015 by three ex-Zoho employees Arvind Parthiban, Naveen Venkat, and Santhosh Kumar, Zarget has raised $1.5 million in seed funding from global venture capital firms Accel Partners and Matrix Partners, and angel investors such as Girish Mathrubootham, CEO of Freshdesk. The company launched its Zarget platform, a conversion rate optimization tool built as a Chrome plugin and intended for use by marketers, product managers and web designers. The new platform is a much needed solution for firms that previously used multiple software products to complete A/B testing, funnel analysis, and heatmaps. Zarget provides all of these tools in one platform with the added simplicity of a Chrome plugin, so users no longer need to waste time and valuable resources loading websites into an...

13May By reutersNo Comments

FUNDING

Apple Invests $1 Billion in Chinese Ride-Hailing Service Didi Chuxing

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. The tech giant's rare investment gives it a stake in two burgeoning waves of technology - the sharing economy and car technology - as the iPhone business that propelled it to record profitability shows signs of maturing. Apple is trying to reinvigorate sales in China, where it has come under greater pressure from regulators, and Cook is traveling to the country this month. The move aligns Apple with Uber Technologies Inc's chief rival in China, as automakers and technology companies forge new alliances and make cross investments. General Motors, for example, recently...